An Accurate Description of Privatization Is That

question 28

Multiple Choice

An accurate description of privatization is that

• A) it started in China in the early 1980s.
• B) it involves replacing a state-owned monopoly with a private monopoly.
• C) it is most successful when countries adopt communism.
• D) when newly privatized firms are protected from foreign competition, they have little incentive to restructure their operations to become more efficient.
• E) in today's context, a country runs the risk of experiencing a serious economic crisis if it liberalizes and privatizes state-owned enterprises.

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Definitions:

Categorical Proposition

A statement that asserts or denies that all or some of the members of one category are included in another.

Singular Term

A term that refers to one and only one object.

Refers

Refers pertains to the action of mentioning or alluding to something.

Categorical Propositions

Statements that assert or deny that all or some members of one category are included in another category.